info.LandsbankiAction.org.gg   12-Jan-2012: Liquidators' 2nd Interim Report.  www.deloitte.com/uk/landsbankiguernsey

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Another setback for Landsbanki Guernsey savers

Expat depositors battling for the return of their entire savings from Landsbanki Guernsey have learned they face hefty legal costs if they wish to continue the fight.

At a settlement meeting with the Icelandic Winding Up Board (WUB) on August 13th, depositors' claims for "priority status" were rejected and deferred to the district court of Reykjavik where legal representation could run into the thousands.

In contrast, UK and Dutch depositors with Landsbanki subsidiaries, represented by their respective governments, were awarded priority status and refunded in full within weeks of the bank's collapse in October 2008. 24-Aug-10.

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/7960199/Another-setback-for-Landsbanki-Guernsey-savers.html